Analysis: Bitcoin Mayer Multiple rarely drops to around 0.6, which could be a bullish signal

GateUser-6433627c · 2026-02-06T09:38:52+00:00

Bitcoin bullish signals are emerging, with the Mayer Multiple dropping to 0.6. Although the price may continue to decline, historically this range has often been a good buying opportunity. The Mayer Multiple is used to assess Bitcoin market valuation; when it falls below 0.8, it is generally considered a sign that the market is undervalued.

GateUser-6433627c

2026-02-06 09:38:52

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On February 6th, Charles Edwards, founder of Bitcoin and digital asset quant funds Capriole, posted that bullish signals for Bitcoin are emerging. The Mayer Multiple for Bitcoin has rarely fallen to around 0.6. Although there is still a possibility of further price declines, historically this range has often corresponded to some of the most attractive buying points in Bitcoin’s history. BlockBeats Note: The Mayer Multiple is a technical indicator used to analyze Bitcoin market conditions, proposed by Trace Mayer. It compares Bitcoin’s current price to its 200-day moving average (200-day Moving Average, 200DMA) to assess the market’s relative valuation. Historically, when the Mayer Multiple exceeds 2.4, it usually indicates an overheated market, which may lead to a correction or bear market. When the Mayer Multiple is below 0.8, the market may be undervalued and could be a good buying opportunity.

BTC1,27%

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